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Cable Update (GBPUSD)

  • #808,601
  • Feb 9, 2024 8:46am Feb 9, 2024 8:46am
Quoting BeeTogether
{quote} wasn’t NYO an hour ago?
Hi. I think NY Equities open @ 0930am their local time (= est right now,) but of course Forex desks based in NY open a good couple of hours earlier, as they do open earlier than equities in London - circa 06.30am, whereas equities open 0800am, London time, (= gmt presently.) There is some conflation/confusion of the terms 'London/NY open,' but they generally apply to equities.) Of course when all asset classes/markets are trading there is a greater cross-flow of institutional money between them, and generally the highest volumes/liquidity.
----------------------------------------------

...just back @ desk updating charts, might hang around a bit, weather out is awful where I am. Some demand for gbpusd since that downwards revision in U.s Cpi hit the wires, and another attempt on the pot res.

1hr below
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Trader with an Edge.
  • #808,602
  • Feb 9, 2024 8:47am Feb 9, 2024 8:47am
Quoting hoda
GU: M30 Trade Safe. {image}
yes!
costed me 2 accounts (maybe 3) learning to avoid thinking for a b/o to happen and get impulsive trades
90% of traders use TA, indicators and prediction
  • #808,603
  • Feb 9, 2024 8:48am Feb 9, 2024 8:48am
Daily chart is not trending
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  • #808,604
  • Feb 9, 2024 8:51am Feb 9, 2024 8:51am
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yes yes yes
  • #808,605
  • Feb 9, 2024 8:55am Feb 9, 2024 8:55am
Quoting vankiepsauff
short 1.2613
add short 1.2637
vankiepsauff@gmail
  • #808,606
  • Feb 9, 2024 8:57am Feb 9, 2024 8:57am
Quoting Ferna
{quote} i should proably check it out sometime. I take in news passively, from forums like here or people telling me. Trying to see if anything conflicts with other information. Opinions matter.

Apart from the financial news they give good trade analysis being traders themselves....
Don't Leave Money on the Table
  • #808,607
  • Feb 9, 2024 9:00am Feb 9, 2024 9:00am
Quoting Yngwie
Long 1.2603 SL 1.2590
Friday better close early. closed 35p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #808,608
  • Feb 9, 2024 9:00am Feb 9, 2024 9:00am
Had a good run today and it's 2am on the Aussie East coast, everyone have a good rest of the day trading and a great weekend .
If price breaks 1.2640 in this session we could see 1.2680

Bang on cue, price backs of 1.2640 where the hourly 200ma sits atm.....
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Don't Leave Money on the Table
  • #808,609
  • Feb 9, 2024 9:02am Feb 9, 2024 9:02am
Quoting _BBKing_
{quote} I don t get the point sorry. is this about zerohedge? is this about you? is this about bond yields? I mean, USD JPY and all crosses went in collapse mode lately, fueled by yields of course. so, market consider it as important. zerohedge is just one out of thousands similar out there, maybe the most popular one ? I don’t know but I just personally don’t care about. maybe are you trying to advertise yourself because you are better than zerohedge? I mean, nothing personal but I personally know nothing about yields, bond auctions, I don’t how...

that post was about zerohedge and people that dont know much trying to pretend they do by discussing yields

heres a weekly 30 year bond chart...theres really nothing serious or bad going on as the apocalyptic nuclear winter end of the world as we know it permabears make it out to be posting yield charts LOL....yields are just where they were 15 years ago

my point was and is people shouldnt listen to the dorks who use yields to try and scare people
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short trump and go long the deepstate
  • #808,610
  • Feb 9, 2024 9:09am Feb 9, 2024 9:09am
Quoting Zebi
{quote} that post was about zerohedge and people that dont know much trying to pretend they do by discussing yields heres a weekly 30 year bond chart...theres really nothing serious or bad going on as the apocalyptic nuclear winter end of the world as we know it permabears make it out to be posting yield charts LOL....yields are just where they were 15 years ago my point was and is people shouldnt listen to the dorks who use yields to try and scare people {image}
ok got it
I will find some time to read more about the yields topic and the correlation with markets
I will start from zerohedge (LOL kidding)
90% of traders use TA, indicators and prediction
  • #808,611
  • Feb 9, 2024 9:11am Feb 9, 2024 9:11am
Quoting Ferna
{quote} Well not so obvious but good call
for real bro over here stressing need a starting capital to really kick start my trading career the stoplosses I use is too small maybe because my account too small or too aggressive entry gonna have to save up some bucks maybe 1k or 2k then push through still trading but need that amount to be comfortable.
  • #808,612
  • Feb 9, 2024 9:12am Feb 9, 2024 9:12am
grrrr.... price still rising.
hell

well, ok! that's it!
I got a great week, I close all platforms and stop everything.
Will open later just to close last 2 lots in Oil before NY close (unless price gets me out @TP/SL)

have a nice weekend you all
90% of traders use TA, indicators and prediction
  • #808,613
  • Feb 9, 2024 9:15am Feb 9, 2024 9:15am
I am out cable too many losses this… week n today… btw us30 feels like brewing a move up…. Trying a long here
Extreme gut feeling trader
  • #808,614
  • Feb 9, 2024 9:18am Feb 9, 2024 9:18am
Quoting montygoldy
I am out cable too many losses this… week n today… btw us30 feels like brewing a move up…. Trying a long here
cable doesn't rise as expected
RilaForexer
  • #808,615
  • Feb 9, 2024 9:21am Feb 9, 2024 9:21am
...new marginal wkly hi in that last run-up but again straight into sellers...1hr shows where below. How strong are these bulls now (,?) as 1st 1hr Asian lo break was false to current dly lo, and now a 2nd Asian hi break.

...50% of the 2772-2519 move just above current dly/wkly hi in the 4hr part of that prev 1/hr4hr sw lo zone = prev supp = pot sbr

1hr then 4hr below
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Trader with an Edge.
  • #808,616
  • Feb 9, 2024 9:22am Feb 9, 2024 9:22am
Consider for weekend GU TP 1.2615
  • #808,617
  • Feb 9, 2024 9:29am Feb 9, 2024 9:29am
The price is choppy, that is why I after booking profits on the spike at 8.30 am est spike, prefereed not to trade GU any more today.

But the PA suggests to go long to extend the range.

Expect 1.2650 to get hit sometime today
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Intraday only.
  • #808,618
  • Feb 9, 2024 9:43am Feb 9, 2024 9:43am
Done for the week.

initial balance: $2000
profit: $601 (30%)
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  • #808,619
  • Feb 9, 2024 9:44am Feb 9, 2024 9:44am
imagine this hourly dollar chart is a 5min.

would you be shorting or buying at this support?
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short trump and go long the deepstate
  • #808,620
  • Feb 9, 2024 9:49am Feb 9, 2024 9:49am
if you watch the putin interview you realise how much the west is struggling. it is trying to distract from its economic misery, debts plus inflation by creating an "enemy" putin. but he doesn't want to fight at all;-)

https://twitter.com/TuckerCarlson?re...-sagt-putin%2F

nevertheless, i still prefer to live in the much-criticised west than in russia, china or saudi arabia.
trading is like dancing, don't think and just listen to the music!
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